Stock Market & Financial Investment News

Senomyx enters into research agreement with PepsiCo, terms not disclosedSenomyx (SNMX) announced that it has entered into a new collaborative agreement with PepsiCo (PEP) related to Senomyx's Salt Taste Program. The new collaboration will support Senomyx's continued work to identify flavors with modifying properties intended to restore the desired salty taste in products with reduced salt. Under the new agreement, PepsiCo will provide research funding for the Salt Taste Program for 2014 and has options to extend the research funding period. PepsiCo will have non-exclusive rights to salt flavor modifiers discovered during the research funding period. In addition, Senomyx will have the right to supply these flavor ingredients directly to PepsiCo. Financial terms of the agreement have not been disclosed.

PepsiCo to close Russian juice plant in Ramenskoye, Reuters reportsPepsiCo plans to close its juice plant outside Moscow due to falling demand, reports Reuters. PepsiCo will close the the plant in Ramenskoye which employs 400 staff and has more than 10 production lines. Reference Link